Stock of the week: “Magna International Inc”
06.10.2022
Magna International Inc is our “stock of the week”. Magna International manufactures automotive parts and will handle the entire manufacturing of Fisker’s electric vehicles (EVs) when they come to market in November. Magna is the fourth largest automobile parts manufacturer in the world and looks set to continue its prominence into the future as it adds EVs to its capabilities.
Financial social media sentiment is “positive” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.
Analysts' consensus rating is "buy" - out of the 18 bank analysts covering the company, 13 recommend buying the stock and 4 suggest holding. Upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 44.86% (reference close of business 05/10/2022).
Attention buzz is currently “Average”.
